The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is Abercrombie & Fitch (ANF Quick QuoteANF - Free Report) . ANF is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ANF has a P/S ratio of 0.36. This compares to its industry's average P/S of 0.58.

Finally, investors should note that ANF has a P/CF ratio of 6.66. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 7.89. Over the past year, ANF's P/CF has been as high as 11.23 and as low as 5.04, with a median of 8.11.

Value investors will likely look at more than just these metrics, but the above data helps show that Abercrombie & Fitch is likely undervalued currently. And when considering the strength of its earnings outlook, ANF sticks out at as one of the market's strongest value stocks.